Jefferies Group reissued their hold rating on shares of Hasbro Inc. (NASDAQ:HAS) in a report issued on Thursday morning. Jefferies Group currently has a $82.00 price objective on the stock.
Other analysts have also issued reports about the stock. Vetr lowered shares of Hasbro from a buy rating to a hold rating and set a $88.94 price objective on the stock. in a report on Monday, June 20th. Zacks Investment Research lowered shares of Hasbro from a buy rating to a hold rating in a report on Tuesday, July 12th. Piper Jaffray Cos. upgraded shares of Hasbro from a neutral rating to an overweight rating and set a $88.00 price objective on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. MKM Partners restated a hold rating and issued a $84.00 price objective on shares of Hasbro in a report on Tuesday, July 12th. Finally, Barclays PLC reduced their price objective on shares of Hasbro from $91.00 to $89.00 and set an equal weight rating on the stock in a report on Tuesday, July 19th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Hasbro has a consensus rating of Hold and an average price target of $86.90.
Shares of Hasbro (NASDAQ:HAS) opened at 81.82 on Thursday. The company has a market capitalization of $10.26 billion, a PE ratio of 21.44 and a beta of 1.00. The stock has a 50 day moving average of $79.71 and a 200-day moving average of $82.66. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 17th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.74 by $0.29. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that Hasbro will post $4.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.
A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in shares of Hasbro during the second quarter worth about $115,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock worth $124,000 after buying an additional 645 shares during the period. Global X Management Co. LLC increased its position in shares of Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock worth $131,000 after buying an additional 1,235 shares during the period. Pacer Advisors Inc. increased its position in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock worth $173,000 after buying an additional 366 shares during the period. Finally, National Asset Management Inc. acquired a new position in shares of Hasbro during the second quarter worth about $203,000. 76.78% of the stock is owned by hedge funds and other institutional investors.
Hasbro Company Profile